Triveni Turbine Limited Buyback Offer 2018
Triveni Turbine Limited is the market leader in India with a dominant 63% market share. It also offers comprehensive aftermarket services covering the entire lifecycle of turbines. TTL operates in the higher capacity range of above 30 MW to 100 MW turbines through its subsidiary, GE Triveni Ltd., a joint venture company with General Electric.
(i) Products & Services Triveni Turbine Limited offers robust back-pressure and condensing steam turbines that work across a wide range of pressure and flow applications. For TTL, customer relations means much more than just completing the contractual commitment of supplying and commissioning the turbine. TTL stands by its customers to make their operations reliable and provides 360-degree after-sales services support during the complete life cycle for all types of industrial steam turbines. With a dedicated team of highly skilled and experienced engineers, TTL offers a wide suite of integrated solutions like erection & commissioning, spare parts, operations & maintenance, and refurbishing, among others.
(ii) Customer Segments Triveni Turbine Limited finds applications in a wide range of industries such as Sugar, Steel, Pulp & Paper, Textiles, chemicals, Palm Oil, Food Processing, etc. The turbines are used in multiple applications like Co-generation, Combined Heat & Power Generation, Waste to Energy, Captive Power Generation, and Independent Power Generation.
(iii) Geographical Presence With over 2500 turbine installations in over 50 countries globally, the Company is fast spreading its global footprint to more countries and geographies.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Dec 28 2018|
|Buyback Opening Date:||Jan 14 2019|
|Buyback Closing Date:||Jan 25 2019|
|Buyback Offer Amount:||₹ 150|
|Date of Board Meeting approving the proposal:||Nov 01 2018|
|Date of Public Announcement:||Nov 01 2018|
|Buyback Offer Size:||2.02%|
|Buyback Number of Shares:||66,66,666|
|Buyback Price:||₹ 150 Per Equity Share|
Details of Buyback:
Shareholding Pattern Pre and Post buyback:
Pre Buy-back Shareholding Pattern
|Category of Share Holder||No. of Equity Share||% of Shareholding|
|Promoters and Promoter Group||223,504,533||67.73|
|Foreign Investors (Including Non-Resident Indians, FIls)||47,787,461||14.48|
|Others (Public, Bodies, Corporate etc.)||17,259,342||5.23|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|(i) Amount Invested in Buyback||1,33,900||1,33,900||1,33,900||1,33,900|
|(ii) No. of Shares buyback||429||650||975||1300|
|(iii) BuyBack Profit||20,163||30,550||45,825||61,100|